XML 59 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Statements (Tables)
6 Months Ended
Jun. 30, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
June 30, 2018
(in millions)
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$

 
$
47

 
$

 
$
25

 
$
246

 
$
74

 
$

 
$
392

Receivables, net
 

 

 

 
474

 
1,350

 
923

 

 
2,747

Content rights, net
 

 

 

 
3

 
269

 
86

 

 
358

Prepaid expenses and other current assets
 
20

 
53

 
31

 
33

 
155

 
117

 

 
409

Inter-company trade receivables, net
 

 

 

 
182

 

 

 
(182
)
 

Total current assets
 
20

 
100

 
31

 
717

 
2,020

 
1,200

 
(182
)
 
3,906

Investment in and advances to subsidiaries
 
7,918

 
13,795

 
(5,945
)
 
6,494

 

 
(3,929
)
 
(18,333
)
 

Noncurrent content rights, net
 

 

 

 
676

 
1,576

 
1,006

 

 
3,258

Assets held for sale
 

 

 

 
68

 

 

 

 
68

Goodwill, net
 

 

 

 
3,678

 
3,316

 
6,125

 

 
13,119

Intangible assets, net
 

 

 

 
256

 
1,377

 
8,735

 

 
10,368

Equity method investments, including note receivable
 

 
96

 

 
23

 
317

 
587

 

 
1,023

Other noncurrent assets, including property and equipment, net
 

 

 
20

 
516

 
772

 
462

 
(20
)
 
1,750

Total assets
 
$
7,938

 
$
13,991

 
$
(5,894
)
 
$
12,428

 
$
9,378

 
$
14,186

 
$
(18,535
)
 
$
33,492

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of debt
 
$

 
$

 
$

 
$
608

 
$
27

 
$
11

 
$

 
$
646

Other current liabilities
 

 
83

 

 
339

 
1,147

 
481

 

 
2,050

Inter-company trade payables, net
 

 

 

 

 
182

 

 
(182
)
 

Total current liabilities
 

 
83

 

 
947

 
1,356

 
492

 
(182
)
 
2,696

Noncurrent portion of debt
 

 
241

 

 
16,858

 
544

 
40

 

 
17,683

Other noncurrent liabilities
 
2

 
86

 

 
568

 
574

 
1,866

 
(19
)
 
3,077

Total liabilities
 
2

 
410

 

 
18,373

 
2,474

 
2,398

 
(201
)
 
23,456

Redeemable noncontrolling interests
 

 

 

 

 
410

 

 

 
410

Equity attributable to Discovery, Inc.
 
7,936

 
13,581

 
(5,894
)
 
(5,945
)
 
6,494

 
11,788

 
(20,024
)
 
7,936

Noncontrolling interests
 

 

 

 

 

 

 
1,690

 
1,690

Total equity
 
7,936

 
13,581

 
(5,894
)
 
(5,945
)
 
6,494

 
11,788

 
(18,334
)
 
9,626

Total liabilities and equity
 
$
7,938

 
$
13,991

 
$
(5,894
)
 
$
12,428

 
$
9,378

 
$
14,186

 
$
(18,535
)
 
$
33,492

Condensed Consolidating Balance Sheet
December 31, 2017
(in millions)
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$

 
$

 
$
6,800

 
$
509

 
$

 
$

 
$
7,309

Receivables, net
 

 

 
410

 
1,428

 

 

 
1,838

Content rights, net
 

 

 
4

 
406

 

 

 
410

Prepaid expenses and other current assets
 
49

 
32

 
204

 
149

 

 

 
434

Inter-company trade receivables, net
 

 

 
205

 

 

 
(205
)
 

Total current assets
 
49

 
32

 
7,623

 
2,492

 

 
(205
)
 
9,991

Investment in and advances to subsidiaries
 
4,563

 
4,532

 
6,951

 

 
3,056

 
(19,102
)
 

Noncurrent content rights, net
 

 

 
672

 
1,541

 

 

 
2,213

Goodwill, net
 

 

 
3,677

 
3,396

 

 

 
7,073

Intangible assets, net
 

 

 
259

 
1,511

 

 

 
1,770

Equity method investments, including note receivable
 

 

 
25

 
310

 

 

 
335

Other noncurrent assets, including property and equipment, net
 

 
20

 
364

 
809

 

 
(20
)
 
1,173

Total assets
 
$
4,612

 
$
4,584

 
$
19,571

 
$
10,059

 
$
3,056

 
$
(19,327
)
 
$
22,555

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of debt
 
$

 
$

 
$
7

 
$
23

 
$

 
$

 
$
30

Other current liabilities
 

 

 
572

 
1,269

 

 

 
1,841

Inter-company trade payables, net
 

 

 

 
205

 

 
(205
)
 

Total current liabilities
 

 

 
579

 
1,497

 

 
(205
)
 
1,871

Noncurrent portion of debt
 

 

 
14,163

 
592

 

 

 
14,755

Other noncurrent liabilities
 
2

 

 
297

 
606

 
21

 
(20
)
 
906

Total liabilities
 
2

 

 
15,039

 
2,695

 
21

 
(225
)
 
17,532

Redeemable noncontrolling interests
 

 

 

 
413

 

 

 
413

Total equity
 
4,610

 
4,584

 
4,532

 
6,951

 
3,035

 
(19,102
)
 
4,610

Total liabilities and equity
 
$
4,612

 
$
4,584

 
$
19,571

 
$
10,059

 
$
3,056

 
$
(19,327
)
 
$
22,555

Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
Three Months Ended June 30, 2018
(in millions) 
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Revenues
 
$

 
$

 
$

 
$
506

 
$
1,385

 
$
961

 
$
(7
)
 
$
2,845

Costs of revenues, excluding depreciation and amortization
 

 

 

 
107

 
593

 
292

 
3

 
995

Selling, general and administrative
 
5

 
1

 

 
87

 
417

 
187

 
(10
)
 
687

Depreciation and amortization
 

 

 

 
11

 
100

 
299

 

 
410

Restructuring and other charges
 
1

 

 

 
16

 
137

 
35

 
(2
)
 
187

Gain on disposition
 

 

 

 

 
(84
)
 

 

 
(84
)
Total costs and expenses
 
6

 
1

 

 
221

 
1,163

 
813

 
(9
)
 
2,195

Operating (loss) income
 
(6
)
 
(1
)
 

 
285

 
222

 
148

 
2

 
650

Equity in earnings of subsidiaries
 
222

 
82

 
154

 
53

 

 
103

 
(614
)
 

Interest income (expense)
 

 
2

 

 
(188
)
 
(10
)
 

 

 
(196
)
Income (loss) from equity investees, net
 

 

 

 
1

 
(46
)
 
5

 

 
(40
)
Other income (expense), net
 

 
1

 

 
73

 
(82
)
 
(38
)
 
(1
)
 
(47
)
Income before income taxes
 
216

 
84

 
154

 
224

 
84

 
218

 
(613
)
 
367

Income tax benefit (expense)
 
1

 

 

 
(70
)
 
(26
)
 
(28
)
 

 
(123
)
Net income
 
217

 
84

 
154

 
154

 
58

 
190

 
(613
)
 
244

Net income attributable to noncontrolling interests
 

 

 

 

 

 

 
(23
)
 
(23
)
Net income attributable to redeemable noncontrolling interests
 

 

 

 

 

 

 
(5
)
 
(5
)
Net income available to Discovery, Inc.
 
$
217

 
$
84

 
$
154

 
$
154

 
$
58

 
$
190

 
$
(641
)
 
$
216

Condensed Consolidating Statement of Operations
Three Months Ended June 30, 2017
(in millions) 
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Revenues
 
$

 
$

 
$
525

 
$
1,224

 
$

 
$
(4
)
 
$
1,745

Costs of revenues, excluding depreciation and amortization
 

 

 
112

 
522

 

 

 
634

Selling, general and administrative
 
5

 

 
56

 
332

 

 
(4
)
 
389

Depreciation and amortization
 

 

 
11

 
69

 

 

 
80

Restructuring and other charges
 

 

 
3

 
5

 

 

 
8

Loss on disposition
 

 

 

 
4

 

 

 
4

Total costs and expenses
 
5

 

 
182

 
932

 

 
(4
)
 
1,115

Operating (loss) income
 
(5
)
 

 
343

 
292

 

 

 
630

Equity in earnings of subsidiaries
 
376

 
376

 
245

 

 
251

 
(1,248
)
 

Interest expense
 

 

 
(83
)
 
(8
)
 

 

 
(91
)
Loss from equity investees, net
 

 

 

 
(42
)
 

 

 
(42
)
Other (expense) income, net
 

 

 
(62
)
 
38

 

 

 
(24
)
Income before income taxes
 
371

 
376

 
443

 
280

 
251

 
(1,248
)
 
473

Income tax benefit (expense)
 
3

 

 
(67
)
 
(29
)
 

 

 
(93
)
Net income
 
374

 
376

 
376

 
251

 
251

 
(1,248
)
 
380

Net income attributable to redeemable noncontrolling interests
 

 

 

 

 

 
(6
)
 
(6
)
Net income available to Discovery, Inc.
 
$
374

 
$
376

 
$
376

 
$
251

 
$
251

 
$
(1,254
)
 
$
374

Condensed Consolidating Statement of Operations
Six Months Ended June 30, 2018
(in millions) 
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Revenues
 
$

 
$

 
$

 
$
994

 
$
2,934

 
$
1,234

 
$
(10
)
 
$
5,152

Costs of revenues, excluding depreciation and amortization
 

 

 

 
214

 
1,459

 
384

 
(2
)
 
2,055

Selling, general and administrative
 
31

 

 

 
167

 
853

 
253

 
(8
)
 
1,296

Depreciation and amortization
 

 

 

 
28

 
193

 
382

 

 
603

Restructuring and other charges
 
9

 

 

 
59

 
235

 
127

 
(2
)
 
428

Gain on disposition
 

 

 

 

 
(84
)
 

 

 
(84
)
Total costs and expenses
 
40

 

 

 
468

 
2,656

 
1,146

 
(12
)
 
4,298

Operating (loss) income
 
(40
)
 

 

 
526

 
278

 
88

 
2

 
854

Equity in earnings of subsidiaries
 
239

 
38

 
225

 
62

 

 
150

 
(714
)
 

Interest expense
 

 
(4
)
 

 
(345
)
 
(22
)
 
(2
)
 

 
(373
)
Income (loss) from equity investees, net
 

 

 

 
1

 
(77
)
 
14

 

 
(62
)
Other income (expense), net
 

 
2

 

 
49

 
(78
)
 
(41
)
 
(1
)
 
(69
)
Income before income taxes
 
199

 
36

 
225

 
293

 
101

 
209

 
(713
)
 
350

Income tax benefit (expense)
 
9

 

 

 
(68
)
 
(28
)
 
(16
)
 

 
(103
)
Net income
 
208

 
36

 
225

 
225

 
73

 
193

 
(713
)
 
247

Net income attributable to noncontrolling interests
 

 

 

 

 

 

 
(28
)
 
(28
)
Net income attributable to redeemable noncontrolling interests
 

 

 

 

 

 

 
(11
)
 
(11
)
Net income available to Discovery, Inc.
 
$
208

 
$
36

 
$
225

 
$
225

 
$
73

 
$
193

 
$
(752
)
 
$
208

Condensed Consolidating Statement of Operations
Six Months Ended June 30, 2017
(in millions)
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Revenues
 
$

 
$

 
$
1,016

 
$
2,349

 
$

 
$
(7
)
 
$
3,358

Costs of revenues, excluding depreciation and amortization
 

 

 
220

 
1,021

 

 

 
1,241

Selling, general and administrative
 
9

 

 
130

 
672

 

 
(7
)
 
804

Depreciation and amortization
 

 

 
23

 
137

 

 

 
160

Restructuring and other charges
 

 

 
19

 
13

 

 

 
32

Loss on disposition
 

 

 

 
4

 

 

 
4

Total costs and expenses
 
9

 

 
392

 
1,847

 

 
(7
)
 
2,241

Operating (loss) income
 
(9
)
 

 
624

 
502

 

 

 
1,117

Equity in earnings of subsidiaries
 
594

 
594

 
385

 

 
396

 
(1,969
)
 

Interest expense
 

 

 
(169
)
 
(13
)
 

 

 
(182
)
Loss on extinguishment of debt
 

 

 
(54
)
 

 

 


(54
)
Income (loss) from equity investees, net
 

 

 
1

 
(96
)
 

 

 
(95
)
Other (expense) income, net
 

 

 
(89
)
 
52

 

 

 
(37
)
Income before income taxes
 
585

 
594

 
698

 
445

 
396

 
(1,969
)
 
749

Income tax benefit (expense)
 
4

 

 
(104
)
 
(48
)
 

 

 
(148
)
Net income
 
589

 
594

 
594

 
397

 
396

 
(1,969
)
 
601

Net income attributable to redeemable noncontrolling interests
 

 

 

 

 

 
(12
)
 
(12
)
Net income available to Discovery, Inc.
 
$
589

 
$
594

 
$
594

 
$
397

 
$
396

 
$
(1,981
)
 
$
589

Condensed Consolidating Statement of Comprehensive Income (Loss)
Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2018
(in millions) 
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Net income
 
$
217

 
$
84

 
$
154

 
$
154

 
$
58

 
$
190

 
$
(613
)
 
$
244

Other comprehensive (loss) income adjustments, net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency translation
 
(206
)
 
(197
)
 
(49
)
 
(49
)
 
(64
)
 
(230
)
 
589

 
(206
)
Derivatives
 
29

 

 
29

 
29

 
29

 
19

 
(106
)
 
29

Comprehensive income (loss)
 
40

 
(113
)
 
134

 
134

 
23

 
(21
)
 
(130
)
 
67

Comprehensive income attributable to noncontrolling interests
 

 

 

 

 

 

 
(23
)
 
(23
)
Comprehensive income attributable to redeemable noncontrolling interests
 
2

 

 
2

 
2

 
2

 
1

 
(14
)
 
(5
)
Comprehensive income (loss) attributable to Discovery, Inc.
 
$
42

 
$
(113
)
 
$
136

 
$
136

 
$
25

 
$
(20
)
 
$
(167
)
 
$
39

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2017
(in millions) 
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Net income
 
$
374

 
$
376

 
$
376

 
$
251

 
$
251

 
$
(1,248
)
 
$
380

Other comprehensive income (loss) adjustments, net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency translation
 
91

 
91

 
91

 
91

 
61

 
(334
)
 
91

Available-for-sale securities
 
5

 
5

 
5

 
5

 
4

 
(19
)
 
5

Derivatives
 
(9
)
 
(9
)
 
(9
)
 
(9
)
 
(6
)
 
33

 
(9
)
Comprehensive income
 
461

 
463

 
463

 
338

 
310

 
(1,568
)
 
467

Comprehensive income attributable to redeemable noncontrolling interests
 

 

 

 

 

 
(6
)
 
(6
)
Comprehensive income attributable to Discovery, Inc.
 
$
461

 
$
463

 
$
463

 
$
338

 
$
310

 
$
(1,574
)
 
$
461

Condensed Consolidating Statement of Comprehensive Income (Loss)
Six Months Ended June 30, 2018
(in millions)
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Net income
 
$
208

 
$
36

 
$
225

 
$
225

 
$
73

 
$
193

 
$
(713
)
 
$
247

Other comprehensive (loss) income adjustments, net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency translation
 
(203
)
 
(177
)
 
(26
)
 
(26
)
 
(41
)
 
(194
)
 
464

 
(203
)
Derivatives
 
24

 

 
24

 
24

 
24

 
16

 
(88
)
 
24

Comprehensive income (loss)
 
29

 
(141
)
 
223

 
223

 
56

 
15

 
(337
)
 
68

Comprehensive income attributable to noncontrolling interests
 

 

 

 

 

 

 
(28
)
 
(28
)
Comprehensive income attributable to redeemable noncontrolling interests
 

 

 

 

 

 

 
(11
)
 
(11
)
Comprehensive income (loss) attributable to Discovery, Inc.
 
$
29

 
$
(141
)
 
$
223

 
$
223

 
$
56

 
$
15

 
$
(376
)
 
$
29

Condensed Consolidating Statement of Comprehensive Income (Loss)
Six Months Ended June 30, 2017
(in millions) 
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Net income
 
$
589

 
$
594

 
$
594

 
$
397

 
$
396

 
$
(1,969
)
 
$
601

Other comprehensive income (loss) adjustments, net of tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency translation
 
159

 
159

 
159

 
159

 
106

 
(583
)
 
159

Available-for-sale securities
 
4

 
4

 
4

 
4

 
3

 
(15
)
 
4

Derivatives
 
(17
)
 
(17
)
 
(17
)
 
(18
)
 
(11
)
 
63

 
(17
)
Comprehensive income
 
735

 
740

 
740

 
542

 
494

 
(2,504
)
 
747

Comprehensive income attributable to redeemable noncontrolling interests
 
(1
)
 
(1
)
 
(1
)
 
(1
)
 
(1
)
 
(8
)
 
(13
)
Comprehensive income attributable to Discovery, Inc.
 
$
734

 
$
739

 
$
739

 
$
541

 
$
493

 
$
(2,512
)
 
$
734

Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2018 (in millions) 
 
 
Discovery
 
Scripps Networks
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash (used in) provided by operating activities
 
$
(100
)
 
$
(14
)
 
$
(8
)
 
$
156

 
$
405

 
$
277

 
$

 
$
716

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Business acquisitions, net of cash acquired
 
(8,714
)
 
54

 

 

 

 
95

 

 
(8,565
)
Payments for investments
 

 

 

 
(10
)
 
(45
)
 
7

 

 
(48
)
Proceeds from dispositions, net of cash disposed
 

 

 

 

 
107

 

 

 
107

Purchases of property and equipment
 

 

 

 
(12
)
 
(56
)
 
(14
)
 

 
(82
)
Proceeds from derivative instruments, net
 

 

 

 

 
1

 

 

 
1

Inter-company distributions, and other investing activities, net
 


7




8


5


(8
)

(8
)

4

Cash (used in) provided by investing activities
 
(8,714
)
 
61

 

 
(14
)
 
12

 
80

 
(8
)
 
(8,583
)
Financing Activities
 


 


 


 


 


 


 


 


Commercial paper borrowings, net
 

 

 

 
579

 

 

 

 
579

Principal repayments of revolving credit facility
 

 

 

 

 
(50
)
 

 

 
(50
)
Borrowings under term loan facilities
 

 

 

 
2,000

 

 

 

 
2,000

Principal (repayments) borrowings of term loans
 

 

 

 
(1,500
)
 

 

 

 
(1,500
)
Principal repayments of capital lease obligations
 

 

 

 
(4
)
 
(17
)
 
(4
)
 

 
(25
)
Distributions to noncontrolling interests and redeemable noncontrolling interests
 

 

 

 
(19
)
 
(2
)
 
(38
)
 

 
(59
)
Share-based plan proceeds, net
 
26

 

 

 

 

 

 

 
26

Borrowings under program financing line of credit
 

 

 

 
23

 

 

 

 
23

Inter-company contributions and other financing activities, net
 
8,788

 

 
8

 
(7,996
)
 
(589
)
 
(236
)
 
8

 
(17
)
Cash provided by (used in) financing activities
 
8,814

 

 
8

 
(6,917
)
 
(658
)
 
(278
)
 
8

 
977

Effect of exchange rate changes on cash and cash equivalents
 

 

 

 

 
(22
)
 
(5
)
 

 
(27
)
Net change in cash and cash equivalents
 

 
47

 

 
(6,775
)
 
(263
)
 
74

 

 
(6,917
)
Cash and cash equivalents, beginning of period
 

 

 

 
6,800

 
509

 

 

 
7,309

Cash and cash equivalents, end of period
 

 
47

 

 
25

 
246

 
74

 

 
392

Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2017
(in millions)
 
 
Discovery
 
DCH
 
DCL
 
Non-Guarantor
Subsidiaries of
DCL
 
Other Non-
Guarantor
Subsidiaries of Discovery
 
Reclassifications 
and
Eliminations
 
Discovery and
Subsidiaries
Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
 
$
37

 
$
(5
)
 
$
(22
)
 
$
433

 
$

 
$

 
$
443

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payments for investments
 

 

 
(7
)
 
(263
)
 

 

 
(270
)
Purchases of property and equipment
 

 

 
(26
)
 
(52
)
 

 

 
(78
)
Distributions from equity method investees
 

 

 

 
18

 

 

 
18

Proceeds from dispositions, net of cash disposed
 

 

 

 
29

 

 

 
29

Proceeds from derivative instruments, net
 

 

 

 
5

 

 

 
5

Other investing activities, net
 

 

 
27

 
3

 

 
(27
)
 
3

Cash used in investing activities
 

 

 
(6
)
 
(260
)
 

 
(27
)
 
(293
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial paper borrowings, net
 

 

 
25

 

 

 

 
25

Borrowings under revolving credit facility
 

 

 
350

 

 

 

 
350

Principal repayments of revolving credit facility
 

 

 
(200
)
 

 

 

 
(200
)
Borrowings from debt, net of discount and including premiums
 

 

 
659

 

 

 

 
659

Principal repayments of debt, including discount payment and premiums to par value
 

 

 
(650
)
 

 

 

 
(650
)
Principal repayments of capital lease obligations
 

 

 
(3
)
 
(16
)
 

 

 
(19
)
Repurchases of stock
 
(501
)
 

 

 

 

 

 
(501
)
Cash settlement of common stock repurchase contracts
 
58

 

 

 

 

 

 
58

Distributions to redeemable noncontrolling interests
 

 

 

 
(20
)
 

 

 
(20
)
Share-based plan proceeds, net
 
11

 

 

 

 

 

 
11

Inter-company contributions and other financing activities, net
 
395

 
5

 
(165
)
 
(270
)
 

 
27

 
(8
)
Cash (used in) provided by financing activities
 
(37
)
 
5

 
16

 
(306
)
 

 
27

 
(295
)
Effect of exchange rate changes on cash and cash equivalents
 

 

 

 
51

 

 

 
51

Net change in cash and cash equivalents
 

 

 
(12
)
 
(82
)
 

 

 
(94
)
Cash and cash equivalents, beginning of period
 

 

 
20

 
280

 

 

 
300

Cash and cash equivalents, end of period
 
$

 
$

 
$
8

 
$
198

 
$

 
$

 
$
206